FRIENDS OF NOTRE-DAME DE PARIS INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

MICHEL PICAUD

Phone

2026172615

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF NOTRE-DAME DE PARIS INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.8M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $11.6M exceeded revenue, resulting in a 141% operating deficit.

Mission

ESTABLISHED AT THE INITIATIVE OF THE ARCHBISHOP OF PARIS, FRIENDS OF NOTRE-DAME DE PARIS WORKS TO ENGAGE AMERICAN AND INTERNATIONAL PHILANTHROPISTS IN THE RESTORATION AND REPAIR OF THE CATHEDRAL OF NOTRE-DAME DE PARIS.

Program Service Accomplishments

Program 1

Expenses: $10,072,901

FRIENDS OF NOTRE-DAME DE PARIS WORKED IN CLOSE RELATIONSHIP WITH THE ETABLISSEMENT PUBLIC "REBATIR NOTRE-DAME AND WITH THE ARCHDIOCESE DE PARIS AND FONDATION NOTRE DAME TO HELP FUND THE RESTORATION OF THE CATHEDRAL AND THE PROVISION OF ALL LITURGICAL FURNISHING THAT LED TO THE MOMENTOUS REOPENING OF DECEMBER 2024. SINCE THEN OUR FOCUS HAS BEEN ON THE NEXT PHASE OF RESTORATION OF THE EXTERIOR OF NOTRE-DAME, INCLUDING HER CHEVET, THE FLYING BUTTRESSES, THE GARGOYLES, AND THE ROSE WINDOWS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,612,496

Program Service Revenue $0

Investment Income $206,178

Other Revenue $5,635

TOTAL REVENUE $4,824,309

Expense Breakdown

Grants Paid $9,959,063

Salaries & Benefits $210,697

Fundraising Expenses $1,167,824

Program Expenses $10,072,901

Other Expenses $529,784

TOTAL EXPENSES $11,615,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,824,309	$14,359,679	-0.7%
Expenses	$11,615,134	$5,238,385	+1.2%
Net Income	$-6,790,825	$9,121,294	-1.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$55,159

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHAN LECAM	DIRECTOR	1.00	Director	$0	$0	$0
CARLA KNOROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
BRIGITTE MOUFFLET	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY SIEG	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JEAN-HUGUES MONIER	DIRECTOR	1.00	Director	$0	$0	$0
NICK TRIVISONNO	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE BENSON	DIRECTOR (AFTER MAY 21, 2025)	1.00	Director	$0	$0	$0
JEAN-DAVID LEVITTE	DIRECTOR (UNTIL FEBRUARY 13, 2025)	1.00	Director	$0	$0	$0
BERTRAND BADRE	DIRECTOR	1.00	Director	$0	$0	$0
DENIS DUVERNE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN CHAUSSE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEBLANC	DIRECTOR	1.00	Director	$0	$0	$0
ALAIN HERBINET	DIRECTOR	1.00	Director	$0	$0	$0
MICHEL PICAUD	PRESIDENT	15.00	Officer	$55,159	$0	$55,159
RON IVEY	SECRETARY	1.00	Officer	$0	$0	$0
CHRISTIAN CHOUFFIER	CONTROLLER	15.00	Officer	$0	$0	$0
ANDRE FINOT	COMMUNICATIONS OFFICER	15.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,824,309	$11,615,134	$29,468,260	$-6,790,825
2024	$14,359,679	$5,238,385	$27,835,600	$9,121,294
2023	$3,362,362	$5,136,541	$18,644,731	$-1,774,179
2022	$3,204,875	$7,722,165	$20,612,427	$-4,517,290
2021	$12,372,128	$4,856,817	$24,880,670	$7,515,311
2020	$13,167,042	$1,170,969	$17,437,457	$11,996,073
2018	$1,402,792	$210,248	$1,264,981	$1,192,544